CRYPTANITE ANNOUNCES CHARGACARD PAYMENTS APP IN PRIVATE BETA TEST
Cryptanite Blockchain Technologies Corp. will conduct beta tests for its Chargacard payment app. Chargacard’s secure network will offer alternative financing options intended to bypass expensive third party financial institutions and predatory credit card firms. Chargacard will help businesses recover past-due invoices and provide customers with flexible payment plans and 0-per-cent interest rates. The private beta test will run through May 1.
Chargacard will be rolled out in select states to help Americans living paycheck to paycheck access essential legal and professional services that may otherwise be hindered by credit card debt and/or low credit scores.
According to the State of Debt Collection 2018, approximately 30 million Americans have at least one debt in collections. The growing $100-billion debt collection services market — whether through in-house or third party services — is ripe for disruption. Chargacard’s beta testers include select small businesses with customers in need of help with past due bills.
“Chargacard’s philosophy is simple: We want to help the millions of Americans who have been prevented from seeking legal or professional services because of low credit scores, while creating a sustained and healthy revenue stream for small businesses who would otherwise not be able to work with these clients because of the perceived risk,” said Maria Eagleton, co-founder of Chargacard. “Chargacard represents a more practical, compassionate approach, and we’re very proud of our work.”
About Chargacard
Chargacard is a peer-to-peer payment processing network developing full-service blockchain and cryptocurrency solutions with end-to-end payment solutions to monetize the blockchain ecosystem. Web and mobile apps include credit and debit products for fiat and cryptocurrency markets.
Chargacard is also a business-to-consumer bill payment product for the informal credit markets, which allows service sector businesses to provide their clients with direct credit lines and streamlined payment processing. Chargacard’s Cryptonite mobile app allows customers to pay for goods and services with cryptocurrencies, in both point-of-sale retail, e-commerce and bill pay markets.
